JPMorgan Chase CEO Jamie Dimon recently warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year (2023). Among the indicators ringing alarm bells, Dimon cited the impact of runaway inflation, interest rates going up more than expected, the [...]
In its practice, Urban Futures Incorporated (UFI) has seen where the lack of effective financial policies has resulted in inefficient financial management practices, increased risk, and the misalignment of financial operations with the overall mission of an organization. At its best, finance works quietly in the background, contributing to the overall service delivery operations for a community. But when things go wrong, financial administration failures are painfully visible.